🏦Bank Scorer

ION BANK

NAUGATUCK, CT · Supervised by FDIC

Est. 1870FDIC #18,198RSSD: FDIC-18198
Part ofION FINANCIAL MHC INC→ View all charters
Satisfactory Same

Current rating · Exam: August 2024

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.85%

Institution Profile

FDIC BankFind

Address

251 Church St, NAUGATUCK, CT

County

Naugatuck Valley County

Established

January 1, 1870

Total Assets

$2.8B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

August 1, 2024

Exam Type

Large Bank

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Aug 2028(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$2.8B

Total Deposits

$2.3B

Net Loans

$2.0B

Net Income

$6M

ROA

0.85%

ROE

7.04%

Risk-Based Capital

16.36%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

Mortgage Denial Rate20.26%Peer avg: 9.91%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Branch Footprint

FDIC SOD 2025

Total Branches

36

Branch Deposits

$2.3B

1-Year Change

+10

5-year net change: +16 branches

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
202439069.23%20.26%
202358173.32%16.35%
202242473.82%14.39%
202152178.31%7.10%
202065868.84%11.25%
201942572.71%10.82%
201846078.04%9.78%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

12 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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